'India to create 100 mn jobs in manufacturing sector'

'India to create 100 mn jobs in manufacturing sector'

India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of gross domestic product to 25 per cent from 16 per cent, Commerce and Industry Minister Anand Sharma said.

Sharma is in Davos for the World Economic Forum annual meet where he would also have interactions with top executives of large companies from across the world.

"India aims to raise manufacturing (sector's) share of GDP from 16 per cent to 25 per cent and create 100 million skilled jobs. This is a must do," Sharma said while addressing an WEF session on manufacturing.

Click NEXT to read further. . .

Image: An employee walks between parked Hyundai cars ready for shipment at a port in Chennai.Photographs: Babu/Reuters

'India to create 100 mn jobs in manufacturing sector'

According to the minister, India needs to expand its manufacturing sector to boost exports and ensure sustainability.

As part of India's national manufacturing policy, the country is seeking to boost the sector's growth and ramp up its share in the country's GDP to 25 per cent from the current 15-16 per cent in the next decade.

The target is to create 100 million jobs by 2022.

The decline in manufacturing sector growth rate has cast its shadow on the country's exports that slowed down to about 6 per cent in November last.

Sharma, who later on Thursday will be meeting around 80 business leaders from India and abroad at an investment round-table in Davos, on Thursday met top executives of global firms, including Diageo, Heineken and Shell, and pitched the India growth story.

Click NEXT to read further. . .

Image: Employees work at the production line of Rajnagar textile mill in Ahmedabad.Photographs: Amit Dave/Reuters